SystematicProgramUpdateRequest
objectThe unique ID to track transaction request across all systems
Example:657b717b7dcf554abf9ef067
Date (with pattern “yyyy-mm-dd”) when the transaction was originally scheduled or expected to happen, can be a non-business day
Example:2023-01-01
A boolean flag that applies only to financial transactions. When set to true, it allows a backdated transaction to be processed. This triggers a reversal on the policy to the earliest transaction on the specified effective date, applies the new transaction, and then reprocesses all subsequent transactions (similar to (R&R) process). This ensures that the policy`s financial history remains accurate and aligned with the backdated change
Default:false
Example:true
The unique payment number for payments by the party
Example:Arr_1
Show Child Parameters
Payee
objectParty ID is a unique identifier assigned to a party (individual or entity) involved in an insurance or annuity contract. This identifier helps ensure accurate data exchange and tracking across insurance transactions
Example:Party_PI_1
TaxWithholdingInstructions
objectA unique identifier linking the party to the policy
Example:Party_PI_1
Roles that are essential in structuring life insurance and annuity contracts to meet the financial goals of policyholders and beneficiaries
Allowed values:OWNERPRIMARYBENEFICIARYCONTINGENTBENEFICIARYINSUREDPAYORPAYEEAGENTPRIMARYWRITINGAGENTPRIMARYSERVICINGAGENTADDITIONALSERVICINGAGENTADDITIONALWRITINGGAGENTTHIRDPARTYDESIGNEEJOINTOWNERCOVERAGEINSUREDASSIGNEEANNUITANTEXCHANGECOMPANYJOINTANNUITANTGRANTORTRUSTEEPOWEROFATTORNEYAUTHORIZEDSIGNATORYOTHERINTERESTEDPARTYCONTINGENTOWNERTHIRDPARTYADMINISTRATORCARRIER
Allowed values:FEDERALSTATENRABACKUP
Allowed values:NOWITHHOLDINGELECTEDUSEVALUESENTEREDNOWITHHOLDINGALLOWEDUSEDEFAULTTABLEADDITIONALWITHHOLDINGTAKEINPUTTEDVALUE
Allowed values:SINGLEDOMESTICPARTNERSHIPDEFAULTMARRIEDHEADOFHOUSEHOLDWIDOWEDDIVORCED
The amount portion of the taxable transaction amount to be withheld
Example:10
The percentage of the taxable transaction amount to be withheld
Example:50
The number of exemptions claimed for tax withholding within a tax year
The legal tax authority (state or federal) governing the withholding process
Example:USA_WY
Not applicable, Employee Voluntary and Employee Discretionary
Allowed values:NOTAPPLICABLEEMPLOYEEVOLUNTARYEMPLOYEEDISCRETIONARY
The Tax Form Type refers to the specific IRS or government form used as the basis for determining an individual’s or entity’s tax withholding status on financial products such as life insurance policies, annuities, or investment accounts
Allowed values:T1035COSTBASIST1035LOANTRANSFERT1035SURRENDERT1035TAXADVANTAGET1099RTAXDISCLOSUREFORMW4PTAXDISCLOSUREFORMW8USW4TAXFORMW9VOIDCHECK
Show Child Parameters
PolicyWithdrawal
objectShow Child Parameters
Show Child Parameters
FinancialTransactionTransactionTypeEnum
stringAllowed values:PartialWithdrawalOneTimeFullSurrenderNewLoanOneTimePremiumSystematicProgramUpdateLoanRepaymentOneTimeSystematicLoanRepaymentSetup